Member Info for Croutom

I'm bloody mystic meg for picking this up pre announcment ey? - you're welcome anyone who bought in this morning pre RNS... ;)

As part of the negotiations with DEM in relation to the original conditional PEPR issued in July 2021, LCCM were able to reduce the rehabilitation bond by approximately AUD 800,000 from AUD 3,700,000 to AUD 2,890,000 reflecting reasoned proposals from the Company's mine manager John Speck. As LCCM currently has a AUD 200,000 deposit with DEM, this represents a net funding requirement of AUD 2,690,000.

oooft a good reduction in the costs required.

3 parties involved in raising capital (as shown in the RNS) - good terms i reckon on the horizon, funding RNS to follow shortly after discussions with these 3 to get the best terms...

Black sheep - heard it here first m8

it's a huge doc tbf

yep managed to get it, it's for the oxide and transitional ore, i'm not sure whether this means DEM has cleared them for both types of ore... we'll have to see but it's definitely the new PEPR (2022) and the title of the document says approved.

Program for Environment Protection and Rehabilitation (PEPR)
PALTRIDGE NORTH MINING
Oxide and Transitional Ore
16 June 2021 (Rev 8)

Total expected resource at MOL 13,600 tonnes.

Feasibility calcs within this PEPR are done at $8,114t/cu, we're currently at a bit of a dip atm - today @ $8,501.00t/cu which is still currently higher than the feasibility calcs - looks good

Looks like PEPR's been approved...

https://sarigbasis.pir.sa.gov.au/WebtopEw/ws/samref/sarig1/wci/Record?r=0&m=1&w=catno=2043205

Date Added: 2022-06-29
Last Changed: 2022-06-29

RNS later today or tomorrow me thinks

Got a feeling bubble?

Oh right thanks colline

I reckon i'll vote for points 1 & 2 and against the last three

*Lowest it's been in 5 years sorry

I don't want the directors to increase their remuneration with the share price at the lowest it's ever been, but at the same time i don't wish to hinder the growth of the company - bit torn, what's everyone voting for/against?

TO RECEIVE AND ADOPT THE COMPANY'S FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021 (A response to this proposal is mandatory)

TO CONFIRM THE REAPPOINTMENT OF MR JEFFREY HARRISON AS A DIRECTOR (A response to this proposal is mandatory):

TO REAPPOINT BDO LLP AS AUDITORS OF THE COMPANY AND TO AUTHORISE THE DIRECTORS TO SET THEIR REMUNERATION (A response to this proposal is mandatory)

TO AUTHORISE THE DIRECTORS TO ALLOT SHARES IN THE COMPANY AND GRANT RIGHTS TO SUBSCRIBE FOR OR TO CONVERT ANY SECURITY INTO SHARES IN THE COMPANY PERSUANT S551

TO DISAPPLY THE STATUTORY PRE-EMPTION PROVISIONS OF SECTION 561 1 OF THE 2006 ACT IN RELATION TO THE ALLOTMENT OF EQUITY SECURITIES FOR CASH

The good news is if there is a bounce up to decent levels in the coming weeks we can invest the profits back into the market at a very big dip

god help them if hursty turns up

i just think bugger it - might as well stick around until the circus comes to town on the 3rd, might even fire JP out of a cannon

Worst case scenario the bod has all given up an acquisition would be on the cards /selling of assets which will result in SP rise

Yeah tbf I don't see the point in selling and copping the loss now - I still feel like we're on the crux of something coming into play, long term cobre client, acquisition, PEPR, someone taking Redmoor off us or grants being accepted - I'm at least going to wait until the AGM to make a decision

Literally the worst time to sell after announcement of decreasing profits when sentiment is so low, I don't know anyone who's done well in trading by selling during bad sentiment - emotional move really

EV markets, renewable transition to reduce dependence on oil and gas increasing energy security and copper supply shortages (plus rebuilding Ukraine at some point!) - I'm still bullish on copper

DVH have you voted against them giving themselves another raise? Need to vote before the 28th of June I believe

Just riding the wave, I anticipate that the lowest SP in 5 years coupled with a AGM in a few weeks will prompt some sort of action from the BOD to boost SP before AGM. Otherwise it'll be a pretty hostile affair, even if catering is supplied

just make sure you vote against them setting remuneration & allocating any more shares in time for the AGM, i think the cut of is 29th of June